Golden Island Beef Jerky Kung Pao Costco
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Elon Musk tells Tesla staff: return to office or leave
Tesla Inc Chief Executive Elon Musk has asked employees to return to the office or leave the company, according to an email sent to employees and seen by Reuters. "Everyone at Tesla is required to spend a minimum of 40 hours in the office per week," Musk wrote in the email sent on Tuesday night. "The more senior you are, the more visible must be your presence," Musk wrote.
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Why Livent Stock Dropped 8% Today
Shares of lithium production company Livent Corporation (NYSE: LTHM) tumbled in Tuesday trading to close down 7.8% from Friday's close. You can blame Goldman Sachs for that. A 2019 spinoff from chemicals company FMC, Livent isn't the world's biggest lithium producer, but it's a sizable "tier 2" kind of a company that did $420 million in sales last year -- but just barely broke even.
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Why Lithium Americas Stock Crashed Today
Despite being not yet operational, and having no revenue to its name (much less profits), Lithium Americas stock has had a terrific run as investors bid up lithium assets in anticipation of booming demand for the metal, which is used to make the batteries that power electric vehicles. With lithium currently priced at $60,000 a ton, Goldman sees that slipping 10% to $54,000 later this year -- a pothole that precedes a bigger fall off a cliff. By next year, the banker believes, lithium prices will average just $16,000, a staggering 73% decline from present-day prices.
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Why Nio Stock Jumped 9% Early Today
Nio (NYSE: NIO) stock surged this morning and had shot up 8.9% as of 10 a.m. ET as investors lapped up the latest delivery numbers from the electric vehicle (EV) maker, which seem to put to rest some of the market's major concerns. This morning, Nio reported it delivered 7,024 EVs in May, which was up 38% from April and just about 5% year over year. Nio confirmed its production picked up pace in May after a shutdown, and said it plans to ramp up production and deliveries even further in June.
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Why Bitcoin, Coinbase, and Silvergate Capital Are Falling Today
Over the last 24 hours, the price of the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), had fallen roughly 5% as of 12:55 p.m. ET today. Meanwhile, shares of the large crypto exchange Coinbase Global (NASDAQ: COIN) traded more than 12% lower, while crypto bank Silvergate Capital (NYSE: SI) was down nearly 10%. Bitcoin rebounded over the weekend and early this week, with some investors eying a potential bottom.
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Jamie Dimon Says JPMorgan Is Bracing Itself for Economic 'Hurricane'
(Bloomberg) -- Jamie Dimon warned investors to prepare for an economic "hurricane" as the economy struggles against an unprecedented combination of challenges, including tightening monetary policy and Russia's invasion of Ukraine. Most Read from BloombergElon Musk's Ultimatum to Tesla Execs: Return to the Office or Get OutReady to Buy a House? Just Wait a Few WeeksJamie Dimon Says JPMorgan Is Bracing Itself for Economic 'Hurricane'One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck,
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2 Under-the-Radar Growth Opportunities Energy Transfer Investors Won't Want to Overlook
Energy Transfer (NYSE: ET) has a lot of growth coming down the pipeline to expand its existing operations. The master limited partnership (MLP) has several pipeline projects under way and in development, along with building new processing and export capacity. Two that investors might have missed are its potential expansion into Panama and the emerging carbon capture and storage (CCS) market.
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Dimon warns of U.S. economic 'hurricane' as inflation pressures rise
(Reuters) -Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co described the challenges facing the U.S. economy akin to an "hurricane" down the road and urged the Federal Reserve to take forceful measures to avoid tipping the world's biggest economy into a recession. Dimon's comments come a day after President Joe Biden met with Federal Reserve Chair Jerome Powell to discuss inflation, which is hovering at 40-year highs. "It's a hurricane," Dimon told a banking conference, adding that the current situation is unprecedented.
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Why Block Stock Dropped 5% Today
Shares of fintech giant Block (NYSE: SQ), formerly Square, tumbled in Wednesday morning trading after The Wall Street Journal warned that business is getting tough in the buy now, pay later (BNPL) space. As of 11:40 a.m. ET, Block stock is down 5%. The company was an early entrant into the BNPL space, bidding $29 billion in August 2021 to acquire Australian BNPL leader Afterpay and its 16 million installment-paying customers.
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3 Warren Buffett Stocks to Buy Hand Over Fist in June
Although there are a lot of successful strategies to make money on Wall Street, riding Warren Buffett's coattails has, arguably, been one of the most profitable for the past 57 years. Since the Oracle of Omaha, as Buffett has come to be known, became CEO of conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, he's overseen the creation of close to $695 billion for his company's shareholders, and has led Berkshire's Class A shares (BRK.A) to an annual average return of 20.1%. In other words, when Warren Buffett buys shares of a publicly traded company, Wall Street and investors rightly take notice.
Source: https://finance.yahoo.com/news/golden-island-jerky-expands-costco-130000016.html
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